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Zuckerberg To Testify Against Alleged Facebook Scammer

The government plans to call Facebook Inc. founder Mark Zuckerberg as a witness in the November trial of Paul Ceglia, a businessman charged with filing sham litigation seeking a 50 percent stake in the company, a federal prosecutor said in New York court on Tuesday.

  • 4th Circ. Contradicts DC Circ. In ACA Subsidies Debate

    The Fourth Circuit on Tuesday determined that the federal government could subsidize insurance premiums on the federal Affordable Care Act exchange because the tax credits support the mission of the health care reform law, coming in conflict with a D.C. Circuit opinion released just hours before.

  • Google Privacy Policy Suit Trimmed Again But Still Standing

    A California federal judge on Monday threw out most of a proposed class action accusing Google Inc. of violating privacy laws by aggregating and storing users’ data across its various platforms, finding various claims still fell short of pleading standards.

  • Ex-Dewey Brass Settle Trustee's Clawback Suit

    Dewey & Leboeuf LLP’s former executive director and chief financial officer have settled the liquidating trustee’s suit demanding the return of $22 million in compensation they allegedly took while masking the firm’s precarious finances, according to court records filed Tuesday.

  • 2nd Circ. Revives $510M Travelers Asbestos Settlement Bill

    The Second Circuit on Tuesday enforced bankruptcy court agreements binding Travelers Property Casualty Corp. to pay more than $500 million to thousands of asbestos injury plaintiffs, ruling that the pacts weren’t invalidated when the insurer subsequently lost certain liability protection.

  • ACA Exchanges Dealt Blow As DC Circ. Limits Subsidies

    A divided D.C. Circuit on Tuesday ruled that consumers shopping on Affordable Care Act exchanges run by federal regulators cannot have their insurance premiums reduced by federal tax credits, a major decision that once again clouds the landmark law's future.